Positioned at the easternmost point of the state of New York, the Hamptons feels like a world of its own. Star-studded events, high-end restaurants and shopping, picturesque vineyards, and more await those who own homes here or rent for the summer season.
The area’s history includes Revolutionary War tales and a strong agricultural industry, but in the last 100 years, it’s transformed into a playground for the rich and famous. Beyoncé and Jay-Z have lavishly summered there, for example, and many celebs own homes amongst its quaint hamlets. For young Manhattanites or groups of friends, share houses are a common occurrence, too. Bravo’s series Summer House shines a spotlight on this Hamptons phenomenon.
But, what truly makes the real estate market different than anywhere else in the country? Brokers spoke on this matter in the newly-released Hamptons Design Guide 2024. Check out what they had to say below and order your copy to read more tips from Hamptons experts across all industries.
1.”It’s predominantly a second-home market, situated in one of the most expensive zip codes in the country. Sale prices are unparalleled compared to most parts of the country. I consider myself fortunate to have been in this business for over 25 years, witnessing its constant evolution.” – Jane Babcook, Christie’s International Real Estate
2. “You can never over improve your property in the Hamptons. There is such a limited supply of homes for sale, geography, and space. If you improve and renovate and landscape, you’ll always get your money back.” – Jack Pearson, Compass
3. “If you look at our towns, they’re so beautiful, the villages are so beautiful. I don’t know where you can find beaches like we have with the New England feel of our villages.” – Jennifer Wilson, Saunders & Associates
4. “Oh wow, where do I begin? The rich history of the homes in the Hamptons is legendary: The parties that have been hosted, the movies that have been made, the culinary excellence, the world-class beaches and social scene, it is impossible to recreate. We really do help people turn their dreams into reality.” – Ali Graham, The Agency
